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MMP211 - Statutory Valuation

Year:

2020 unit information

Important Update:

Classes and seminars in Trimester 2, 2020 will be online.

Last updated: 2 June 2020

Enrolment modes:Trimester 1: Online
Credit point(s):1
EFTSL value:0.125
Previously coded as:SRP211
Unit Chair:Trimester 1: Jerry Liang
Prerequisite:

Nil

Corequisite:Nil
Incompatible with:

Nil

Typical study commitment:

Students will on average spend 150 hours over the teaching period undertaking the teaching, learning and assessment activities for this unit.

Scheduled learning activities - cloud:

Online independent and collaborative learning activities including 3 scheduled online seminars

Content

This unit is broken to two separate components: (a) valuation for statutory purposes and (b) compulsory acquisition and compensation.  Valuation for statutory purposed covers unimproved capital value (UCV), capital improved value (CIV), site value (SV), net annual value (NAV), local government rates, mass appraisal techniques and land tax.  Compulsory acquisition and compensation covers valuation principles and methodologies, expert witness statements and preparation for court as an expert witness. This unit aims to give students a basic understanding of the role of statutory valuation in the property market, and also what compulsory acquisition entails and how it affects the stakeholders.

 

These are the Learning Outcomes (ULO) for this Unit
At the completion of this Unit, successful students can:

Deakin Graduate Learning Outcomes

ULO1

 Apply a procedural and critical understanding of the methods and tasks involved in statutory valuations, property taxation and court proceedings involving a compulsory land acquisition.

GLO1: Discipline-specific knowledge and capabilities
GLO5: Problem solving

ULO2

Prepare a written valuation report for a compulsory acquisition.

GLO2:  Communication

ULO3

Apply appropriate interpersonal skills to contribute productively in a team project.

 GLO7: Teamwork

 

These Unit Learning Outcomes are applicable for all teaching periods throughout the year

Assessment

Assessment Description Student output Grading and weighting
(% total mark for unit)		 Indicative due week 
Assignment 1 (Individual) Written Report 2500 words 25% Week 5
Assignment 2 (Group of 5) Written Compensation Report 2500 words 25% Week 10
Examination 2 hours 50% Exam period

The assessment due weeks provided may change. The Unit Chair will clarify the exact assessment requirements, including the due date, at the start of the teaching period.

Hurdle requirement

Hurdle requirement: achieve at least 50% of the available marks in the examination

Learning Resource

The texts and reading list for the unit can be found on the University Library via the link below: MMP211 Note: Select the relevant trimester reading list. Please note that a future teaching period's reading list may not be available until a month prior to the start of that teaching period so you may wish to use the relevant trimester's prior year reading list as a guide only.

Unit Fee Information

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